18540 Prairie Street, Northridge, CA 91324

Local realty services provided by:Better Homes and Gardens Real Estate Lakeview Realty
18540 Prairie Street,Northridge, CA 91324
$6,100,000
  • 36 Beds
  • 39 Baths
  • 22,232 sq. ft.
  • Multi-family
  • Pending
Listed by:filip niculete
Office:marcus & millichap
MLS#:25589867
Source:CRMLS

Price summary

  • Price:$6,100,000
  • Price per sq. ft.:$274.38

About this home

We are pleased to present Northridge Manor, a rare 28-unit value-add opportunity located at 18540 Prairie Street in the heart of Northridge, just blocks from California State University, Northridge (CSUN). Built in the 1960s by the seller's grandfather and never before sold, the property has been passed down through multiplegenerations, offering investors a chance to acquire a legacy asset with deep ownership history. One of the most compelling aspects of this opportunity is the assumable Chase Bank loan with an outstanding balance of $3,750,000, fixed at a 4.83% interest rate through December 2029, and interest-only payments through December 2027. This attractive in-place financing is significantly below current market rates, enhancing cash-oncashreturns and reducing acquisition friction for qualified buyers. Situated on a 24,041-square-foot lot (0.55 acres), the two-story building features an expansive interior courtyard, a gated swimming pool, assigned parking for each unit,and

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Home facts

  • Year built:1965
  • Listing ID #:25589867
  • Added:47 day(s) ago
  • Updated:October 27, 2025 at 07:29 AM

Rooms and interior

  • Bedrooms:36
  • Total bathrooms:39
  • Living area:22,232 sq. ft.

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1965
  • Building area:22,232 sq. ft.
  • Lot area:0.55 Acres

Finances and disclosures

  • Price:$6,100,000
  • Price per sq. ft.:$274.38
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